Newmark Group (NASDAQ:NMRK) Updates FY25 Earnings Guidance

Newmark Group (NASDAQ:NMRK) updated its FY25 earnings guidance on Friday. The company provided earnings per share guidance of $1.40-1.50 for the period, compared to the consensus earnings per share estimate of $1.41. The company issued revenue guidance of $2.90-3.10 billion, compared to the consensus revenue estimate of $3.00 billion. Newmark Group also updated its FY 2025 guidance to 1.400-1.500 EPS.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NMRK. The Goldman Sachs Group began coverage on Newmark Group in a report on Friday, December 6th. They issued a “buy” rating and a $19.00 price objective for the company. Wolfe Research cut Newmark Group from an “outperform” rating to a “peer perform” rating in a report on Monday, November 25th.

Newmark Group Trading Up 6.3 %

NASDAQ NMRK opened at $14.69 on Friday. Newmark Group has a 1-year low of $9.44 and a 1-year high of $16.10. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average of $13.49 and a 200-day moving average of $14.13. The firm has a market cap of $2.51 billion, a PE ratio of 48.97 and a beta of 1.99.

Newmark Group (NASDAQ:NMRK) last released its earnings results on Friday, February 14th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. Newmark Group had a return on equity of 18.95% and a net margin of 2.00%. The company had revenue of $888.30 million during the quarter, compared to analyst estimates of $790.76 million. During the same quarter in the previous year, the company posted $0.46 EPS. Newmark Group’s revenue for the quarter was up 18.9% on a year-over-year basis. As a group, sell-side analysts forecast that Newmark Group will post 1.16 EPS for the current year.

About Newmark Group

Newmark Group, Inc provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners.